Mount Nelson: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Mount Nelson
Largest movements
- Cash -€15,338
down €15,338 (-17.6%), from €87,198 to €71,860
mainly Contributions, distributions and other (-€145,087) and Debts after one year (-€13,359)
- Deferred charges and accrued income -€8,274
down €8,274 (-5.3%), from €155,370 to €147,096
- Receivables within one year -€3,568
down €3,568 (-13.2%), from €27,002 to €23,434
of which Trade receivables: -€4,730
- Reserves -€105,504
no longer reported in 2025 (was €105,504)
- Other debts +€92,074
up €92,074 (+235%), from €39,260 to €131,334
- Debts after one year -€13,359
down €13,359 (-7.9%), from €169,756 to €156,397
- Depreciation +€5,177
up €5,177 (+66.1%), from €7,832 to €13,009
- Other operating charges -€4,551
down €4,551 (-86.1%), from €5,284 to €733
- Gross operating margin -€3,489
down €3,489 (-4.6%), from €76,466 to €72,977
- Taxes -€1,369
down €1,369 (-10.4%), from €13,162 to €11,792
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,782 | €317,837 | -€29,945 | -8.6% |
| Fixed assets | 21/28 | €78,212 | €75,447 | -€2,764 | -3.5% |
| Tangible fixed assets | 22/27 | €78,212 | €75,447 | -€2,764 | -3.5% |
| Plant, machinery and equipment | 23 | €2,016 | €1,499 | -€517 | -25.7% |
| Furniture and vehicles | 24 | €36,039 | €27,592 | -€8,447 | -23.4% |
| Other tangible fixed assets | 26 | €40,157 | €46,356 | +€6,200 | +15.4% |
| Current assets | 29/58 | €269,570 | €242,389 | -€27,181 | -10.1% |
| Amounts receivable within one year | 40/41 | €27,002 | €23,434 | -€3,568 | -13.2% |
| Trade receivables | 40 | €22,664 | €17,934 | -€4,730 | -20.9% |
| Other amounts receivable | 41 | €4,338 | €5,500 | +€1,162 | +26.8% |
| Cash at bank and in hand | 54/58 | €87,198 | €71,860 | -€15,338 | -17.6% |
| Deferred charges and accrued income | 490/1 | €155,370 | €147,096 | -€8,274 | -5.3% |
| Total equity and liabilities | 10/49 | €347,782 | €317,837 | -€29,945 | -8.6% |
| Equity | 10/15 | €105,505 | €1 | -€105,504 | -100.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €105,504 | - | -€105,504 | |
| Distributable reserves | 133 | €105,504 | - | -€105,504 | |
| Amounts payable | 17/49 | €242,276 | €317,836 | +€75,559 | +31.2% |
| Amounts payable after more than one year | 17 | €169,756 | €156,397 | -€13,359 | -7.9% |
| Financial debts | 170/4 | €169,756 | €156,397 | -€13,359 | -7.9% |
| Amounts payable within one year | 42/48 | €71,709 | €160,627 | +€88,919 | +124% |
| Current portion of amounts payable after more than one year | 42 | €12,803 | €13,359 | +€556 | +4.3% |
| Trade debts | 44 | €5,949 | €3,490 | -€2,459 | -41.3% |
| Suppliers | 440/4 | €5,949 | €3,490 | -€2,459 | -41.3% |
| Taxes, remuneration and social security | 45 | €13,696 | €12,444 | -€1,252 | -9.1% |
| Taxes | 450/3 | €13,696 | €12,444 | -€1,252 | -9.1% |
| Other amounts payable | 47/48 | €39,260 | €131,334 | +€92,074 | +235% |
| Accrued charges and deferred income | 492/3 | €812 | €811 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,832 | €13,009 | +€5,177 | +66.1% |
| Other operating charges | 640/8 | €5,284 | €733 | -€4,551 | -86.1% |
| Gross operating margin | 9900 | €76,466 | €72,977 | -€3,489 | -4.6% |
| Operating profit (loss) | 9901 | €63,349 | €59,235 | -€4,115 | -6.5% |
| Financial income | 75/76B | €127 | €429 | +€303 | +239% |
| Recurring financial income | 75 | €127 | €429 | +€303 | +239% |
| Financial charges | 65/66B | €7,896 | €8,289 | +€393 | +5.0% |
| Recurring financial charges | 65 | €7,896 | €8,289 | +€393 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €55,579 | €51,375 | -€4,205 | -7.6% |
| Income taxes | 67/77 | €13,162 | €11,792 | -€1,369 | -10.4% |
| Profit (loss) for the period | 9904 | €42,418 | €39,582 | -€2,835 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,418 | €39,582 | -€2,835 | -6.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.